The following information was extracted from the accounting records of MS Stores on 2 8 February 2 0 2 3 , the end of the financial year Opening inventory on 0 1 March 2 0 2 2 R 6 0 0 0 0 , Inventory purchases R 7 8 0 0 0 0 , Returns of inventory to suppliers R 3 0 0 0 0 , Carriage on purchases R 2 4 0 0 0 and Cost of sales R 6 8 4 0 0 0 What was the value of the inventory on 2 8 February 2 0 2 3 A R 1 8 0 0 0 0 B R 2 1 0 0 0 0 C R 1 5 0 0 0 0 D R 1 2 6 0 0 0

Question

The following information was extracted from the accounting records of MS Stores on 2 8 February 2 0 2 3 , the end of the financial year  Opening inventory on 0 1 March 2 0 2 2 R 6 0 0 0 0 , Inventory purchases R 7 8 0 0 0 0 , Returns of inventory to suppliers R 3 0 0 0 0 , Carriage on purchases R 2 4 0 0 0 and Cost of sales R 6 8 4 0 0 0   What was the value of the inventory on 2 8 February 2 0 2 3   A   R 1 8 0 0 0 0 B   R 2 1 0 0 0 0 C   R 1 5 0 0 0 0 D   R 1 2 6 0 0 0

Accepted Answer

The Answer is in the image, click to view ...

Question

The following information was extracted from the accounting records of MS Stores on 2 8 February 2 0 2 3 , the end of the

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Accounting Information Systems basic concepts and current issues

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question